AXA XL names Caponigro Head of Reinsurance Capital Management

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Chris Caponigro as Head of Reinsurance Capital Management.

For over a decade, AXA XL has been an active participant in the alternative capital market, leveraging its expertise in alternative reinsurance capital and insurance-linked securities (ILS) management.

In his new role, based in the United States, Caponigro will further expand the company’s product offering and investor base by continuing to develop the team’s infrastructure and strategy.

He will report to Guy Van Hecke, Head of Ceded Re, who commented: “Third-party capital continues to demonstrate a strong appetite for insurance-linked securities (ILS). This demand aligns with our own strategy of accessing alternative sources of ceding capacity as part of our growth plans.

“We have an existing and established team in this space, and our expertise and offering will be further strengthened by Chris’ appointment. Chris brings a wealth of industry experience, and his technical risk capabilities and financial structuring skillset will be key in achieving our strategic goals.”

With over two decades of experience in the re/insurance industry, Caponigro has held diverse roles encompassing underwriting, finance, and business development at companies such as Platinum Underwriters and Everest Re.

Most recently, he served as the Global Head of ILS at AXIS Capital, where he assumed group-level responsibility, overseeing a team responsible for designing, implementing, and administering relationships with private capital investors.

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